ASEAN KEY DESTINATIONS
03 July 2013
Singapore shares fell after a survey showed that growth in China's services sector in June slowed to its weakest pace in nine months, but small-cap AsiaMedic Ltd surged after announcing a cord blood bank joint venture.
The Straits Times Index was down 0.8 percent at 3,148.65 points. Global Logistic Properties Ltd, which owns warehouses in China and Japan, was the biggest decliner, falling more than 3 percent.
Shares of Singapore Telecommunications Ltd, Southeast Asia's biggest telecommunications company, and CapitaMall Trust fell more than 2 percent each.
Shares of Singapore healthcare services provider AsiaMedic bucked the trend, jumping as much as 20.5 percent to S$0.135, the highest since Feb. 20. More than 25 million shares were traded, 37 times the average full-day volume over the past 30 days.
AsiaMedic said its subsidiary had agreed to set up a joint venture company with Cryoviva International Pte Ltd to carry out the business of cord blood stem cell banking in Singapore, China, Indonesia, Malaysia and Myanmar.
Cryoviva's major shareholder is Ravi Kant Jaipura, the founder of RJ Corp India, which has interests in education, healthcare, food and beverage and property.
The Straits Times Index (STI) ended 43.83 points lower or -1.38% lower to 3,129.49, taking the year-to-date performance to -1.19%.
The FTSE ST Mid Cap Index declined -1.11% while the FTSE ST Small Cap Index declined-0.99%.
The top active stocks were SingTel (-2.66%), Mirach Ener (+13.46%), DBS (-1.21%), OCBC Bk (-1.41%) and GLP (-4.51%).
The outperforming sectors today were represented by the FTSE ST Technology which gained +0.28%. The two biggest stocks of the Technology Index are LionGold Corp (unchanged) and Stats ChipPAC (-1.41%).
The underperforming sector, FTSE ST Telecommunications, declined -2.40% with Singapore Telecommunications declining -2.66% and StarHub declining -0.24%.
The FTSE ST Health Care Index declined -1.44% and the FTSE ST Industrials Index declined -0.97%.
The three most active Exchange Traded Funds (ETFs) by value today were SPDR GOLD SHARES (-1.27%), IS MSCI INDIA 100 (-3.08%) and DBXT CSI300 ETF 10 (+0.44%).
The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall (-2.25%), Ascendasreit (-2.61%) and CapitaComm (-1.71%).
The most active index warrants by value today were HSI20200MBePW130829 (+26.45%), HSI20400MBeCW130829 (-22.84%) and HSI20200MBePW130829 (-37.08%).
The most active stock warrants by value today were DBS MB eCW130910 (-19.44%), OCBC Bk MBeCW140102 (-9.23%) and KepCorp MBeCW130902 (-10.53%).
*ST Index 3,129.49 -43.83 3,173.32 +32.39
Volume: 1,981M 2,056.9M
Value: $1,170.5M $1,271.9M
Gainers/Losers: 111/327 310/111
Daily Market Commentary (Securities)
3 July 2013
The FBM KLCI index lost 2.68 points or 0.15% on Wednesday. The Finance Index increased 0.29% to 16950.75 points, the Properties Index dropped 0.54% to 1353.59 points and the Plantation Index rose 0.09% to 8375.01 points. The market traded within a range of 6.60 points between an intra-day high of 1776.07 and a low of 1769.47 during the session.
Actively traded stocks include DVM, LUSTER, INGENCO, MAS, PUNCAK, KPS, JAKS, SKPETRO, SALCON and CSL. Trading volume increased to 1247.18 mil shares worth RM2102.55 mil as compared to Tuesday’s 1097.58 mil shares worth RM1566.21 mil.
Leading Movers were PETDAG (+22 sen to RM26.18), PPB (+16 sen to RM14.36), AMMB (+12 sen to RM7.64), UMW (+10 sen to RM14.54) and MAYBANK (+6 sen to RM10.46). Lagging Movers were BAT (-68 sen to RM59.32), HLFG (-20 sen to RM14.60), GENTING (-16 sen to RM10.04), KLK (-14 sen to RM21.46) and PETGAS (-12 sen to RM21.10). Market breadth was negative with 339 gainers as compared to 385 losers.
The KLCI extended its losses albeit in a marginal fashion and closed at 1769.21 points today.
The investors’ confidences were kept down by the lacklustre performance in the US market yesterday, while also growing wary of the threat posed by the political turmoil in Egypt.
Back in Malaysia, the share prices of Puncak Niaga and KPS spiked 14% and 12% respectively after PM Najib gave the green light to Selangor’s government’s move to privatise all four water concessionaires in the state.
As of 03 Jul 2013 Unit: M.Baht
Type Buy Sell Net
Institution 4,622.99 3,851.92 771.07
Proprietary 8,615.81 9,625.63 -1,009.82
Foreign 12,798.56 16,175.42 -3,376.87
Individual 24,962.33 21,346.71 3,615.62
Total Trading Value 50,999.68 M.Baht
Vietnam index ends 0.5 pct down, insurers, banks slump
Vietnam's VN Index closed down 0.5 percent down in low volume on Wednesday, with investors sitting it out and sceptical about prospects for a revival in the global economy, traders said.
Insurance stocks and banks led the fall, with BaoViet Holdings, Vietnam's biggest insurer, dropping 2.3 percent, Vietcombank slipping 1.4 percent and Eximbank down 1.3 percent.
Shares in energy firm Pha Lai Thermal Power also lost 1.2 percent to close at 24,400 dong ($1.15) each.
The Vietnam Asset Management Corporation, a central bank-run firm which will buy non-performing loans from banks, is due to
become operational next week and is expected to provide some momentum in the market, trader said.
VN Index 487.35
PREV. CLOSE 489.84
% CHANGE -0.51%
Date As of: 03 July 2013
Description Volume Value requency
ETF 84,500 55,828,000 55
Stock 3,236,722,349 5,475,274,302,620 152,840
Warrant 94,207,696 4,813,355,200 1,502
Total 3,331,014,545 5,480,143,485,820 154,397
Indonesian shares dropped 3.2 percent on Wednesday, their worst loss in almost two weeks, as stocks linked with domestic growth such as cement firms fell on worries over a slowing domestic economy while most others in Southeast Asia retreated after late selling.
"Foreign investors are reluctant to enter due to GDP growth cut from World Bank yesterday, seen in some pull-off today," said Fadlul Imansyah, head of CIMB Asset Management in Jakarta.
Stocks in Malaysia erased early gains to fall 0.2 percent amid weak sentiment elsewhere in the region and foreign selling. Banks outperformed, with AMMB Holdings Bhd up 1.6 percent while telecoms such as DiGi.Com Bhd fell.
The Malaysian bourse said foreign investors sold shares worth a net 80 million ringgit ($25.26 million) while local institutions were net buyers on the day for a net 109.5 million ringgit ($34.57 million).
Thai stocks extended losses on the day to close down 1.4 percent, with foreign investors selling shares worth a net 3.4 billion baht ($109.84 million), stock exchange data showed.
Singapore stocks slid 1.4 percent after a 1 percent rise in the previous session, while Vietnamese shares, Southeast Asia's best performers this year, closed 0.5 percent lower after Tuesday's 2 percent gain.
Broader Asia pulled lower partly on signs of slowing Chinese growth.
SOUTHEAST ASIAN STOCK MARKETS
Market Current Prev Close Pct Move
TR SE Asia Index* 423.08 430.95 -1.83
Singapore 3129.49 3173.32 -1.38
Kuala Lumpur 1769.21 1771.89 -0.15
Bangkok 1443.57 1463.98 -1.39
Jakarta 4577.15 4728.70 -3.20
Manila 6480.12 6448.18 +0.50
Ho Chi Minh 487.35 489.84 -0.51
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